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Renaissance Zone Information

FLINT RENAISSANCE ZONE INFORMATION
The Renaissance Zone is a state designation that allows for the creation of tax exempt zones designed to spur growth in eleven economically distressed Michigan communities. These zones are virtually tax free for any business or resident presently in or moving into a renaissance zone.

Businesses and individuals in a state-approved renaissance zone may be eligible for exemptions of the taxes noted below:

STATE TAXES WAIVED: Personal IncomeTax

  • Single Business Tax
  • State Education Tax

    • LOCAL TAXES WAIVED: Local IncomeTax

  • Real Property Tax on operating mills
  • Personal Property Tax on operating mills
  • Utility Users Tax(only Detroit has this tax)

    • A business will still pay unemployment insurance, social security taxes, worker's compensation, sewer and water fees, which are either federal taxes or fees for services. Businesses will also pay property taxes which result from local bond indebtedness or special assessments so as not to jeopardize the community's current bonds. Businesses will also pay Michigan's six percent sales tax.

    The State of Michigan will reimburse school districts, community college districts and public libraries for most of the tax losses, resulting from the tax exemption in a renaissance zone.

    All tax free renaissance zones began on JANUARY 1, 1997.

    A business or individual locating into a renaissance zone may receive the tax exemption benefit for as long as that zone's designation lasts.

    The Flint Renaissance Zone is a 15 year zone. Therefore, eligible businesses and individuals will be exempt from the zone's taxes based on the breakdown provided in the following timetable:

    Year #     Year     % of Tax Exemption, Deduction or Credit
    1 1997 100% per Public Act 376 of 1996
    2 1998 100%
    3 1999 100%
    4 2000 100%
    5 2001 100%
    6 2002 100%
    7 2003 100%
    8 2004 100%
    9 2005 100%
    10 2006 100%
    11 2007 100%
    12 2008 100%
    13 2009 75%
    14 2010 50%
    15 2011 25%
    16 2012 0%

    There are eleven zones throughout the State of Michigan and each zone varies in size and duration as noted below:

    Zone Acreage Duration # of Districts in Zone
    Benton Harbor/St. Joseph/Benton Twp 120 acres 10 years 5
    Detroit 1,345 acres 12 years 6
    Flint 836 acres 15 years 5
    Gogebic/Ontonagon/Houghton Counties     2,917 acres 15 years 6
    Grand Rapids 536 acres 15 years 6
    Lansing 110 acres 12 years 2
    Manistee County 556 acres 15 years 2
    Montcalm/Gratiot Counties 1,870 acres     15 years    6
    Saginaw 743 acres 12 years 5
    Warren Tank Arsenal(former) 153 acres 15 years 1
    Wurtsmith Air Force Base(former) 2,202 acres 15 years 1

    The Flint Renaissance Zone consists of five districts as noted below:

    District Acreage
    Webster Road Light Industrial     93
    Windcliff New Housing 23
    University Park East & West 202
    Historic-Industrial-Housing 480
    Downtown-Office-Retail 38
    TOTAL ACREAGE: 836

    FOR MORE INFORMATION ON THE FLINT RENAISSANCE ZONE, CONTACT  COMMUNITY DEVELOPMENT PROJECT MANAGER, AT (810) 766-7436.